8-KLeadership Changes

Dell Technologies Inc. 8-K Report, Executive Changes (Dec 10, 2019)

Filed December 10, 2019For Securities:DELL

Summary

Dell Technologies Inc. (DELL) announced a key leadership transition in its finance department through an 8-K filing on December 10, 2019. Effective April 6, 2020, Maya McReynolds will transition from her role as Senior Vice President, Corporate Finance and Chief Accounting Officer to Senior Vice President and Chief Financial Officer of the Client Solutions Group. This move positions Ms. McReynolds to lead financial operations within a significant business segment of Dell. Concurrently, Brunilda (Bruny) Rios has been appointed as the successor to Ms. McReynolds, taking on the responsibilities of Senior Vice President, Corporate Finance and Chief Accounting Officer, and will also serve as the principal accounting officer starting April 6, 2020. Ms. Rios brings extensive experience within Dell, having held various senior accounting and reporting roles since 2000, including her current position as Senior Vice President, Global Revenue Accounting. Investors should note this planned transition as it involves the leadership of critical financial functions within the company.

Key Highlights

  • 1Maya McReynolds is transitioning from Chief Accounting Officer to CFO of the Client Solutions Group, effective April 6, 2020.
  • 2Brunilda (Bruny) Rios will assume the role of Chief Accounting Officer and principal accounting officer, effective April 6, 2020.
  • 3Ms. Rios has a long tenure at Dell, starting in 2000, with significant experience in revenue accounting and corporate reporting.
  • 4The transition plan ensures continuity in financial leadership with a clear handover date.
  • 5Ms. Rios's previous roles included Senior Vice President, Global Revenue Accounting, and Vice President, Corporate Accounting.
  • 6Ms. McReynolds's new role signifies a focus on financial strategy within Dell's Client Solutions Group.
  • 7Ms. Rios will continue to participate in standard employee benefit and incentive plans.

Frequently Asked Questions

This 8-K filing announces a planned leadership transition within Dell Technologies Inc.'s finance department. Specifically, it details the departure of Maya McReynolds from her role as Chief Accounting Officer and her subsequent appointment to a new role, and the appointment of Brunilda (Bruny) Rios as her successor.

Both leadership changes are effective as of April 6, 2020. Maya McReynolds will move to her new role, and Brunilda (Bruny) Rios will assume the Chief Accounting Officer position on this date.

Brunilda (Bruny) Rios has been with Dell and its subsidiaries since 2000. Her experience includes serving as Senior Vice President, Global Revenue Accounting since May 2018, and prior roles such as Vice President, Corporate Accounting and Director, Corporate Reporting. She has a strong background in SEC reporting, policy development, and revenue accounting, including complex securitization programs.

The filing states that Ms. Rios will continue to be eligible for severance, retirement, welfare, and benefit plans generally available to other employees, including the Dell Technologies Inc. 2013 Stock Incentive Plan. Specific details on compensation changes for either executive are not provided in this filing, but their participation in existing plans is confirmed.